ASEAN: Electromagnetic Lifting Head Market 2025

Electromagnetic Lifting Head Market Size in ASEAN

In 2022, the ASEAN electromagnetic lifting head market increased by 0.8% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Electromagnetic Lifting Head Production in ASEAN

In value terms, electromagnetic lifting head production declined slightly to $X in 2022 estimated in export price. Overall, production saw a perceptible decline. The growth pace was the most rapid in 2015 when the production volume increased by 14% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Electromagnetic Lifting Head Exports

Exports in ASEAN

In 2022, approx. X tons of electromagnets and electromagnetic lifting heads were exported in ASEAN; with a decrease of -8.8% compared with the year before. Over the period under review, exports saw a noticeable decline. The most prominent rate of growth was recorded in 2020 when exports increased by 37%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, electromagnetic lifting head exports dropped to $X in 2022. In general, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 47%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons) and Thailand (X tons) dominates exports structure, together making up 79% of total exports. Singapore (X tons) took the next position in the ranking, followed by Malaysia (X tons) and Indonesia (X tons). All these countries together held approx. 18% share of total exports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of +16.1%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Vietnam ($X) remains the largest electromagnetic lifting head supplier in ASEAN, comprising 42% of total exports. The second position in the ranking was held by Thailand ($X), with a 21% share of total exports. It was followed by Singapore, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam stood at +17.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+0.5% per year) and Singapore (-8.4% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, remaining stable against the previous year. Over the period under review, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of 17%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+2.8%), while the other leaders experienced more modest paces of growth.

Electromagnetic Lifting Head Imports

Imports in ASEAN

In 2022, supplies from abroad of electromagnets and electromagnetic lifting heads increased by 12% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, saw a mild descent. The most prominent rate of growth was recorded in 2017 with an increase of 20% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, electromagnetic lifting head imports expanded modestly to $X in 2022. Overall, imports, however, showed a pronounced curtailment. The growth pace was the most rapid in 2017 when imports increased by 19%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) was the key importer of electromagnets and electromagnetic lifting heads, generating 43% of total imports. Vietnam (X tons) took the second position in the ranking, followed by Indonesia (X tons), Malaysia (X tons), the Philippines (X tons) and Singapore (X tons). All these countries together held approx. 57% share of total imports.

Imports into Thailand increased at an average annual rate of +1.7% from 2012 to 2022. At the same time, Vietnam (+10.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +10.2% from 2012-2022. By contrast, Indonesia (-3.0%), the Philippines (-3.4%), Malaysia (-5.4%) and Singapore (-12.0%) illustrated a downward trend over the same period. Vietnam (+12 p.p.) and Thailand (+11 p.p.) significantly strengthened its position in terms of the total imports, while the Philippines, Indonesia, Malaysia and Singapore saw its share reduced by -2.1%, -3.2%, -5.5% and -12% from 2012 to 2022, respectively.

In value terms, the largest electromagnetic lifting head importing markets in ASEAN were Thailand ($X), Vietnam ($X) and the Philippines ($X), with a combined 75% share of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +10.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, shrinking by -8.3% against the previous year. In general, the import price showed a perceptible descent. The growth pace was the most rapid in 2019 when the import price increased by 13% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+1.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform